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SAC CODE - 998223 : Payroll services

GST RATE ON SAC CODE - 998223 IS 18%


SAC CODE Description
9982Legal and accounting services
99822Accounting, auditing and bookkeeping services
998223Payroll services

Services Accounting Codes (SAC Codes) 998223 is used for the Payroll services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Legal and accounting services.

How Services Accounting Codes (SAC Codes) 998223 - is Derived?

A uniform format is followed to generate the Service Accounting Code.

The first two digits are 99 always for services.

The next two digits 82 represent the major nature of service, Legal and accounting services in this case.

The next two digits 23 represent the detailed nature of service, Payroll services in this case.

Explanation Of SAC CODE - 998223

This service code includes
  1. payroll processing, including on-line;
  2. direct deposit or cheque preparation services;
  3. remission of taxes and other deductions;
  4. preparation, viewing and storage of payroll ledgers, reports and other documents
This service code does not include:
  1. bookkeeping services :- 998222
  2. payroll processing provided as part of a bundle of management services :- 998311